NEWS

Intel wants $5 billion more in German subsidies for chip plant – Bloomberg News

Intel wants $5 billion more in German subsidies for chip plant – Bloomberg News

(Reuters) – Intel Corp is seeking an additional 4 billion to 5 billion euros ($5.28 billion) in subsidies from the German govern..

CERAWEEK-Europe gas supplies to stay tight 2 more winters, Equinor CEO says

CERAWEEK-Europe gas supplies to stay tight 2 more winters, Equinor CEO says

By Ron Bousso and Simon Webb HOUSTON (Reuters) – Europe will struggle over the next two winters to replace Russian natural gas s..

Adnami appoints Sophie Spencer as UK Agency Sales Director

Adnami appoints Sophie Spencer as UK Agency Sales Director

News follows a string of appointments as Adnami continues to scale up across Europe Ad tech company Adnami has appointed Sophie Spence..

Brand Metrics continues on steep growth trajectory with appointment of VP Business Development in the US

Brand Metrics continues on steep growth trajectory with appointment of VP Business Development in the US

Kristen Friesen assumes new role in response to growing demand on both sides of the pond Global technology company, Brand Metrics, whi..

Lumen Research expand US operations with key sales and customer success hires

Lumen Research expand US operations with key sales and customer success hires

Lumen Research, the global attention technology company, is ramping up US operations to meet increased demand for attention measuremen..

HelloFresh sees 2023 core profit of 460-540 million euros

HelloFresh sees 2023 core profit of 460-540 million euros

(Reuters) – German meal-kit maker HelloFresh forecast a higher 2023 core profit on Tuesday, as it focuses on strengthening its c..

Meta plans to cut thousands of jobs as soon as this week – Bloomberg News

Meta plans to cut thousands of jobs as soon as this week – Bloomberg News

(Reuters) -Meta Platforms Inc will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News reported on ..

GM’s Cruise to focus on cost cuts as it ramps up robotaxis

GM’s Cruise to focus on cost cuts as it ramps up robotaxis

By Abhirup Roy SAN FRANCISCO (Reuters) – General Motors Co’s robotaxi unit Cruise is focusing on cutting costs this year, ..

Valentine’s Day spending boosts British retail sales in February – BRC

Valentine’s Day spending boosts British retail sales in February – BRC

By Suban Abdulla LONDON (Reuters) – Valentine’s Day helped to boost British retail sales in February but volumes remained ..

Explainer-International Women’s Day: date, history and this year’s theme

Explainer-International Women’s Day: date, history and this year’s theme

By Josie Kao (Reuters) – As the world gears up to celebrate International Women’s Day (IWD) on Wednesday, here is a look a..

Shell, Chevron and Petrobras weigh Guyana oil auction bids -sources

Shell, Chevron and Petrobras weigh Guyana oil auction bids -sources

By Sabrina Valle and Marianna Parraga HOUSTON (Reuters) – Guyana’s coming auction of offshore oil exploration blocks has l..

Hermes asks court to block ‘MetaBirkin’ NFT sales after jury win

Hermes asks court to block ‘MetaBirkin’ NFT sales after jury win

By Blake Brittain (Reuters) -French luxury house Hermes International has asked a Manhattan federal court to block artist Mason Rothsc..

German minister says ‘on right track’ to solving CO2-emitting car row

German minister says ‘on right track’ to solving CO2-emitting car row

By Kate Abnett and Andreas Rinke BERLIN/BRUSSELS (Reuters) -Germany’s transport minister is hopeful of a solution to a row with ..

Oil steadies after dipping on China outlook; investors await Fed clues

Oil steadies after dipping on China outlook; investors await Fed clues

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices were steady on Monday as top oil executives debated supply tightness at an oil conf..

UK opposition calls for better online protections for children

UK opposition calls for better online protections for children

By Martin Coulter LONDON (Reuters) – Britain’s opposition Labour Party has called on the government to enact its long-dela..

Indonesia to tighten used shoe import controls after Reuters report

Indonesia to tighten used shoe import controls after Reuters report

JAKARTA (Reuters) – Indonesia will tighten customs checks at small ports to crack down on the illegal import of second-hand shoe..

India’s top explorer ONGC signs MoU with France’s TotalEnergies

India’s top explorer ONGC signs MoU with France’s TotalEnergies

NEW DELHI (Reuters) – India’s top explorer Oil and Natural Gas Corp has signed a memorandum of understanding with French m..

EDF, Edison, Ansaldo team up to develop nuclear power in Europe

EDF, Edison, Ansaldo team up to develop nuclear power in Europe

MILAN (Reuters) – French power group EDF, its Italian arm Edison, Italy’s Ansaldo Energia and its unit Ansaldo Nucleare ar..

Stock pickers reckon it’s time to move on from central banks

Stock pickers reckon it’s time to move on from central banks

By Naomi Rovnick LONDON (Reuters) – Stock market investors are calling time on the idea that the Federal Reserve, and other majo..

Telecom Italia boosted by rival offer for landline grid

Telecom Italia boosted by rival offer for landline grid

By Elvira Pollina MILAN (Reuters) -Telecom Italia (TIM) shares rose as much as 5% on Monday after Italian state investor CDP and Austr..

Spain’s inflation to be lower this year than in 2022 -minister

Spain’s inflation to be lower this year than in 2022 -minister

MADRID (Reuters) -Spanish Economy Minister Nadia Calvino said on Monday she expects inflation will be lower this year than in 2022 tho..

Tesla cuts U.S. Model S and Model X prices between 4% and 9%

Tesla cuts U.S. Model S and Model X prices between 4% and 9%

(Reuters) -Tesla Inc has cut prices on its two most expensive electric vehicles in the United States, according to the company’s..

EU, US working on deal to make EV minerals eligible for tax credits -EU official

EU, US working on deal to make EV minerals eligible for tax credits -EU official

By Andrea Shalal and David Shepardson WASHINGTON (Reuters) -The United States and European Union are working toward agreement in princ..

Offshore crews to strike on BP’s North Sea installations, says Unite

Offshore crews to strike on BP’s North Sea installations, says Unite

(Reuters) – Nearly 50 offshore workers on several of BP’s North Sea installations have backed strike action in pursuit of a pay ..

Lufthansa expects further ‘significant improvement’ after return to profit

Lufthansa expects further ‘significant improvement’ after return to profit

By Ilona Wissenbach and Joanna Plucinska (Reuters) – Germany’s Lufthansa on Friday delivered an “unprecedented”..

Oil prices stable, heading for weekly gain

Oil prices stable, heading for weekly gain

By Shadia Nasralla LONDON (Reuters) -Oil prices held steady on Friday, poised to register a weekly gain as renewed optimism on China&#..

Euro zone recovery gathers pace, allays fears of recession-PMI

Euro zone recovery gathers pace, allays fears of recession-PMI

LONDON (Reuters) – The recovery in euro zone business activity gathered pace last month as growth accelerated in the bloc’..

Morgan Stanley, others now forecast 4% peak for key ECB rate

Morgan Stanley, others now forecast 4% peak for key ECB rate

By Sudip Kar-Gupta (Reuters) -Morgan Stanley and two other investment banks have revised their forecasts for the European Central Bank..

British property portal Rightmove hikes dividend after annual profit jump

British property portal Rightmove hikes dividend after annual profit jump

(Reuters) -British real-estate portal Rightmove Plc on Friday raised its final dividend payment and posted a higher annual operating p..

Credit Suisse offers higher deposit rates in Asia to woo the wealthy – sources

Credit Suisse offers higher deposit rates in Asia to woo the wealthy – sources

By Selena Li HONG KONG (Reuters) -Credit Suisse is offering higher deposit rates than its rivals to attract new funds from wealthy cli..

Dollar firms after U.S. labor data suggests more rate hikes

Dollar firms after U.S. labor data suggests more rate hikes

By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) – The dollar strengthened on Thursday after unemployment claims pointe..

Citi pledges to cut emissions for more sectors including coal

Citi pledges to cut emissions for more sectors including coal

LONDON (Reuters) -U.S. bank Citi on Thursday announced targets for cutting emissions tied to loans it makes to coal mining, auto, stee..

Automated Creative launches in the US and Canada

Automated Creative launches in the US and Canada

Dan Moseley is appointed Managing Director to oversee continued expansion in the region Automated Creative, which is on a mission to r..

Britain’s Nationwide curbs cryptocurrency purchases by customers

Britain’s Nationwide curbs cryptocurrency purchases by customers

By Lawrence White and Elizabeth Howcroft LONDON (Reuters) – Britain’s Nationwide Building Society has restricted customers..

Italy Jan jobless rate edges up to 7.9%, with 35,000 jobs created

Italy Jan jobless rate edges up to 7.9%, with 35,000 jobs created

ROME (Reuters) – Italy’s unemployment rate rose slightly to 7.9% in January from an unrevised 7.8% the month before, natio..

Merck KGaA expects 2023 profit to slip as COVID demand wanes

Merck KGaA expects 2023 profit to slip as COVID demand wanes

By Ludwig Burger FRANKFURT (Reuters) – Germany’s Merck KGaA on Thursday predicted 2023 earnings would slip due to a declin..

Budweiser APAC bets on post-COVID China thirst for premium beer

Budweiser APAC bets on post-COVID China thirst for premium beer

BEIJING (Reuters) – Budweiser Brewing Co APAC, Asia’s largest beer company by sales, said on Thursday it will expand into ..